Young adults worst hit by recession

Young adults have seen their income slashed most by the recession while pensioners continue to receive more and more, researchers have revealed.

The Institute for Fiscal Studies said that among people in their 20s median income fell 12% between 2007/08 and 2011/12 allowing for inflation. That was the biggest slump for any age group, reflecting the fast-rising joblessness among young people, the think-tank said.
%VIRTUAL-SkimlinksPromo%